MEDIROM Healthcare Technologies Inc. (MRM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MEDIROM Healthcare Technologies Inc. (MRM) stock price & volume — 10-year historical chart
MEDIROM Healthcare Technologies Inc. (MRM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
MEDIROM Healthcare Technologies Inc. (MRM) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.05 | $4Mvs $4M+0.0% |
| Q2 2025 | Apr 29, 2025 | $0.79 | $31M |
| Q3 2024 | Jun 30, 2024 | $0.74 | $22M |
| Q3 2024 | Jun 18, 2024 | $0.62 | $26M |
MEDIROM Healthcare Technologies Inc. (MRM) competitors in Health, Fitness and Wellness Services — business model, growth, and fundamentals comparison
MEDIROM Healthcare Technologies Inc. (MRM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MEDIROM Healthcare Technologies Inc. (MRM) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 3.43B | 3.91B | 3.34B | 5.41B | 6.95B | 6.83B | 8.3B | 11.91B |
| Revenue Growth % | - | 13.84% | -14.5% | 61.89% | 28.54% | -1.81% | 21.55% | 15.99% |
| Cost of Goods Sold | 2.48B | 2.96B | 2.91B | 3.99B | 5.05B | 5.26B | 6.05B | 8.77B |
| COGS % of Revenue | 72.13% | 75.67% | 87.16% | 73.84% | 72.64% | 77.02% | 72.93% | - |
| Gross Profit | 956.87M▲ 0% | 950.76M▼ 0.6% | 428.95M▼ 54.9% | 1.42B▲ 230.0% | 1.9B▲ 34.4% | 1.57B▼ 17.5% | 2.25B▲ 43.2% | 3.14B▲ 0% |
| Gross Margin % | 27.87% | 24.33% | 12.84% | 26.16% | 27.36% | 22.98% | 27.07% | 26.36% |
| Gross Profit Growth % | - | -0.64% | -54.88% | 229.97% | 34.41% | -17.53% | 43.18% | - |
| Operating Expenses | 850.61M | 905.21M | 1.18B | 1.89B | 1.81B | 1.96B | 2.26B | 3.24B |
| OpEx % of Revenue | 24.78% | 23.16% | 35.16% | 34.86% | 25.96% | 28.71% | 27.28% | - |
| Selling, General & Admin | 842.82M | 871.86M | 1.07B | 1.81B | 1.81B | 1.96B | 2.24B | 3.22B |
| SG&A % of Revenue | 24.55% | 22.31% | 31.98% | 33.47% | 25.96% | 28.71% | 27.01% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 33.35M | 106.5M | 75.21M | 0 | 0 | 22.87M | 1000K |
| Operating Income | 114.05M▲ 0% | 78.9M▼ 30.8% | -746.09M▼ 1045.7% | -470.59M▲ 36.9% | 96.97M▲ 120.6% | -391.58M▼ 503.8% | -18.1M▲ 95.4% | -105.07M▲ 0% |
| Operating Margin % | 3.32% | 2.02% | -22.33% | -8.7% | 1.39% | -5.73% | -0.22% | -0.88% |
| Operating Income Growth % | - | -30.82% | -1045.66% | 36.93% | 120.61% | -503.83% | 95.38% | - |
| EBITDA | 158.31M | 125.07M | -683.8M | -344.34M | 281.02M | -138.98M | 271.94M | 338.42M |
| EBITDA Margin % | 4.61% | 3.2% | -20.46% | -6.37% | 4.04% | -2.04% | 3.28% | 2.84% |
| EBITDA Growth % | - | -21% | -646.73% | 49.64% | 181.61% | -149.46% | 295.66% | 77.05% |
| D&A (Non-Cash Add-back) | 44.27M | 46.17M | 62.29M | 126.24M | 184.06M | 252.59M | 290.04M | 443.48M |
| EBIT | 107.41M | 46.33M | -613.46M | -402.53M | 189.57M | 57.49M | 97.46M | 11.66M |
| Net Interest Income | -14.7M | -12.26M | -11.9M | -11.11M | -3.73M | -35.76M | -49.74M | -44.81M |
| Interest Income | 785K | 1.34M | 1.33M | 839K | 6.07M | 1.11M | 8K | -15.74M |
| Interest Expense | 15.48M | 13.59M | 13.23M | 11.95M | 9.8M | 36.87M | 49.74M | 20.8M |
| Other Income/Expense | -22.48M | -1.05M | 119.4M | 56.11M | 82.81M | 412.2M | 65.81M | 520.08M |
| Pretax Income | 91.56M▲ 0% | 33.3M▼ 63.6% | -626.69M▼ 1982.2% | -414.48M▲ 33.9% | 179.77M▲ 143.4% | 20.62M▼ 88.5% | 47.71M▲ 131.4% | 415.01M▲ 0% |
| Pretax Margin % | 2.67% | 0.85% | -18.75% | -7.66% | 2.59% | 0.3% | 0.57% | 3.49% |
| Income Tax | 25.25M | 15.96M | -87.52M | 576.25M | 30.81M | -94.43M | -90.48M | -188.64M |
| Effective Tax Rate % | 27.58% | 47.94% | 13.97% | -139.03% | 17.14% | -457.89% | -189.63% | -45.45% |
| Net Income | 66.31M▲ 0% | 17.34M▼ 73.9% | -539.17M▼ 3210.3% | -990.73M▼ 83.8% | 148.97M▲ 115.0% | 115.05M▼ 22.8% | 148.76M▲ 29.3% | 614.58M▲ 0% |
| Net Margin % | 1.93% | 0.44% | -16.13% | -18.31% | 2.14% | 1.69% | 1.79% | 5.16% |
| Net Income Growth % | - | -73.86% | -3210.3% | -83.75% | 115.04% | -22.77% | 29.3% | 275.69% |
| Net Income (Continuing) | 66.31M | 17.34M | -539.17M | -990.73M | 148.97M | 115.05M | 138.19M | 603.65M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 5.08M | 254.79M | 382.25K |
| EPS (Diluted) | 14.04▲ 0% | 4.06▼ 71.1% | -133.97▼ 3399.8% | -203.13▼ 51.6% | 27.23▲ 113.4% | 22.27▼ 18.2% | 28.52▲ 28.1% | 77.78▲ 0% |
| EPS Growth % | - | -71.08% | -3399.75% | -51.62% | 113.41% | -18.22% | 28.06% | 201.3% |
| EPS (Basic) | 18.06 | 4.63 | -133.97 | -203.13 | 30.54 | 23.64 | 29.13 | - |
| Diluted Shares Outstanding | 4.72M | 4.27M | 4.02M | 4.88M | 5.47M | 5.17M | 5.85M | 7.9M |
| Basic Shares Outstanding | 4.72M | 4.27M | 4.02M | 4.88M | 5.47M | 5.17M | 5.11M | 7.9M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
MEDIROM Healthcare Technologies Inc. (MRM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 934.04M | 1.38B | 2.09B | 1.38B | 2.36B | 1.76B | 2.71B | 8.4M |
| Cash & Short-Term Investments | 244.71M | 552.14M | 1.47B | 377.12M | 605.95M | 132.85M | 335.56M | 268.75K |
| Cash Only | 211.69M | 513.62M | 1.44B | 370.62M | 605.45M | 106.35M | 329.4M | 226.13K |
| Short-Term Investments | 33.02M | 38.52M | 32.52M | 6.5M | 500K | 500K | 6.16M | 42.62K |
| Accounts Receivable | 283M | 337.05M | 148.54M | 312.3M | 534.69M | 1.23B | 2B | 4.6M |
| Days Sales Outstanding | 30.09 | 31.48 | 16.22 | 21.07 | 28.06 | 65.64 | 88.04 | 29.49 |
| Inventory | 6.4M | 5.51M | 7.96M | 18.7M | 114.11M | 139.98M | 151.64M | 1.21M |
| Days Inventory Outstanding | 0.94 | 0.68 | 1 | 1.71 | 8.24 | 9.72 | 9.14 | 4.72 |
| Other Current Assets | 359.88M | 436.54M | 411.28M | 563.01M | 815.82M | 0 | 217.17M | 2.32M |
| Total Non-Current Assets | 3.59B | 3.38B | 3.63B | 4.37B | 4.38B | 5.09B | 5.38B | 46.95M |
| Property, Plant & Equipment | 2.27B | 2B | 1.81B | 2.25B | 2.38B | 2.54B | 2.51B | 15.67M |
| Fixed Asset Turnover | 1.51x | 1.96x | 1.84x | 2.41x | 2.92x | 2.69x | 3.31x | 6.41x |
| Goodwill | 63.95M | 78.28M | 150.72M | 600.33M | 539.49M | 484.56M | 389.13M | 0 |
| Intangible Assets | 76.28M | 77.64M | 97.61M | 391.04M | 403.67M | 920.7M | 1.14B | 22.16M |
| Long-Term Investments | 51.98M | 14.04M | 500K | 53.02M | 53.02M | 81.54M | 87.42M | 251.64M |
| Other Non-Current Assets | 1.12B | 1.21B | 1.56B | 1.08B | 1.01B | 961.14M | 973.46M | 2.96B |
| Total Assets | 4.52B▲ 0% | 4.76B▲ 5.2% | 5.71B▲ 20.1% | 5.75B▲ 0.7% | 6.75B▲ 17.3% | 6.85B▲ 1.5% | 8.09B▲ 18.1% | 55.36M▲ 0% |
| Asset Turnover | 0.76x | 0.82x | 0.58x | 0.94x | 1.03x | 1.00x | 1.03x | 2.29x |
| Asset Growth % | - | 5.21% | 20.09% | 0.69% | 17.28% | 1.51% | 18.13% | -83.24% |
| Total Current Liabilities | 2.35B | 2.26B | 2.65B | 3.2B | 3.64B | 3.56B | 4.18B | 34.53M |
| Accounts Payable | 141.32M | 122.59M | 67.02M | 230.9M | 207.58M | 137.7M | 1.01B | 9.82M |
| Days Payables Outstanding | 20.83 | 15.13 | 8.4 | 21.1 | 15 | 9.56 | 61.16 | 13.39 |
| Short-Term Debt | 413.74M | 371.57M | 242.28M | 162.25M | 99.17M | 500.42M | 1.11B | 14.16M |
| Deferred Revenue (Current) | 0 | 0 | 633.73M | 722.7M | 0 | 512.05M | 463.19M | 977.98M |
| Other Current Liabilities | 648.78M | 616.53M | 162.13M | 459.54M | 1.18B | 370.21M | 414.7M | 7.53M |
| Current Ratio | 0.40x | 0.61x | 0.79x | 0.43x | 0.65x | 0.49x | 0.65x | 0.65x |
| Quick Ratio | 0.39x | 0.61x | 0.78x | 0.43x | 0.62x | 0.45x | 0.61x | 0.61x |
| Cash Conversion Cycle | 10.2 | 17.03 | 8.82 | 1.68 | 21.31 | 65.8 | 36.02 | 20.82 |
| Total Non-Current Liabilities | 2.29B | 1.89B | 2.57B | 2.76B | 3.16B | 3.07B | 2.72B | 17.38M |
| Long-Term Debt | 342.77M | 150.53M | 668.38M | 746.59M | 1.15B | 1.05B | 764.2M | 4.99M |
| Capital Lease Obligations | 1.32B | 1.14B | 992.89M | 1.13B | 1.21B | 1.33B | 1.29B | 3.85B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 621.8M | 607.39M | 908.35M | 889.61M | 802.36M | 687.2M | 632.51M | 1.98B |
| Total Liabilities | 4.64B | 4.16B | 5.22B | 5.96B | 6.81B | 6.63B | 6.9B | 51.91M |
| Total Debt | 2.85B | 2.36B | 2.56B | 2.79B | 3.23B | 3.65B | 3.96B | 27.12M |
| Net Debt | 2.64B | 1.85B | 1.12B | 2.42B | 2.63B | 3.54B | 3.63B | 26.9M |
| Debt / Equity | - | 3.94x | 5.21x | - | - | 16.90x | 3.33x | 3.33x |
| Debt / EBITDA | 18.00x | 18.89x | - | - | 11.50x | - | 14.55x | 0.08x |
| Net Debt / EBITDA | 16.66x | 14.79x | - | - | 9.34x | - | 13.34x | 13.34x |
| Interest Coverage | 6.94x | 3.41x | -46.35x | -33.68x | 19.34x | 1.56x | 1.96x | 0.56x |
| Total Equity | -117.56M▲ 0% | 600.06M▲ 610.4% | 491.26M▼ 18.1% | -208.34M▼ 142.4% | -59.38M▲ 71.5% | 215.96M▲ 463.7% | 1.19B▲ 450.1% | 3.45M▲ 0% |
| Equity Growth % | - | 610.45% | -18.13% | -142.41% | 71.5% | 463.71% | 450.13% | 1026.87% |
| Book Value per Share | -24.90 | 140.45 | 122.06 | -42.72 | -10.85 | 41.80 | 203.03 | 0.44 |
| Total Shareholders' Equity | -117.56M | 600.06M | 491.26M | -208.34M | -59.38M | 210.88M | 933.27M | 3.07M |
| Common Stock | 245.1M | 595.1M | 1.18B | 1.22B | 1.22B | 20M | 352.62M | 2.44M |
| Retained Earnings | -722.64M | -705.31M | -1.7B | -2.69B | -2.55B | 80.28M | 229.04M | -3.19M |
| Treasury Stock | -3M | -3M | -3M | -3M | -3M | -3M | -3M | -20.77K |
| Accumulated OCI | -278K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 5.08M | 254.79M | 382.25K |
MEDIROM Healthcare Technologies Inc. (MRM) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 141.87M | 7.87M | -366.42M | -557.23M | -685.7M | -631.74M | -1.33B | -1.33B |
| Operating CF Margin % | 4.13% | 0.2% | -10.97% | -10.3% | -9.86% | -9.25% | -16.05% | - |
| Operating CF Growth % | - | -94.45% | -4755.91% | -52.07% | -23.05% | 7.87% | -110.8% | -2250.48% |
| Net Income | 66.31M | 17.34M | -539.17M | -990.73M | 148.97M | 115.05M | 138.19M | 614.58M |
| Depreciation & Amortization | 44.27M | 46.17M | 62.29M | 126.24M | 184.06M | 252.59M | 290.04M | 443.48M |
| Stock-Based Compensation | 149K | 0 | 0 | 196.85M | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | -101.64M | -188.71M | -188.71M |
| Other Non-Cash Items | 151.54M | 42.88M | -156.66M | 1.9M | -968.78M | -1.4B | -1.57B | -2.74B |
| Working Capital Changes | -120.39M | -98.52M | 267.12M | 108.5M | -49.94M | 498.76M | 1.97M | 528.34M |
| Change in Receivables | 30.17M | -66.88M | 189.14M | -37.02M | -222.38M | 580.68M | 299.96M | 969.11M |
| Change in Inventory | 6.92M | 892K | -2.44M | -2.44M | -95.41M | -25.87M | -10.61M | 43.37M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | -69.88M | 876.51M | 875.59M |
| Cash from Investing | -79.39M | -37.93M | -139.6M | -83.94M | 580.44M | -328.58M | 361.39M | -272.59M |
| Capital Expenditures | -34.3M | -7.41M | -73.56M | -95.65M | -120.74M | -135.84M | -71.41M | -152.65M |
| CapEx % of Revenue | 1% | 0.19% | 2.2% | 1.77% | 1.74% | 1.99% | 0.86% | - |
| Acquisitions | -60.27M | -3.2M | -99.19M | 54.24M | -148M | 584.77M | 887.07M | 888.46M |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 15.18M | -27.32M | 33.15M | 30.39M | 849.18M | -774.41M | -478.18M | -1.03B |
| Cash from Financing | -74.47M | 331.99M | 1.43B | -427.95M | 340.1M | 461.21M | 1.19B | 1.45B |
| Debt Issued (Net) | -254.47M | -241.91M | 388.56M | -251.08M | 502.35M | 300.92M | 324.96M | 325.59M |
| Equity Issued (Net) | 0 | 700M | 1.17B | 0 | 0 | 0 | 868.38M | 868.38M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 180M | -126.09M | -125.06M | -176.87M | -162.25M | 160.29M | 0 | 257.27M |
| Net Change in Cash | -11.99M▲ 0% | 301.93M▲ 2618.0% | 926.11M▲ 206.7% | -1.07B▼ 215.4% | 234.84M▲ 122.0% | -499.11M▼ 312.5% | 223.05M▲ 144.7% | 319.11M▲ 0% |
| Free Cash Flow | 107.57M▲ 0% | 464K▼ 99.6% | -439.98M▼ 94922.4% | -652.88M▼ 48.4% | -806.44M▼ 23.5% | -767.58M▲ 4.8% | -1.9B▼ 147.1% | -2B▲ 0% |
| FCF Margin % | 3.13% | 0.01% | -13.17% | -12.07% | -11.6% | -11.24% | -22.85% | -16.8% |
| FCF Growth % | - | -99.57% | -94922.41% | -48.39% | -23.52% | 4.82% | -147.08% | -38.82% |
| FCF per Share | 22.78 | 0.11 | -109.32 | -133.86 | -147.41 | -148.56 | -324.10 | -324.10 |
| FCF Conversion (FCF/Net Income) | 2.14x | 0.45x | 0.68x | 0.56x | -4.60x | -5.49x | -8.95x | -3.25x |
| Interest Paid | 17.01M | 11.87M | 10.22M | 10.87M | 7.54M | 34.58M | 47.56M | 33.65M |
| Taxes Paid | 14.78M | 24.34M | 7M | 45.51M | 30.81M | 52.1M | 12.78M | 12.78M |
MEDIROM Healthcare Technologies Inc. (MRM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 7.19% | -98.81% | -700.38% | - | 146.95% | 21.19% | 235.66% |
| Return on Invested Capital (ROIC) | 2.38% | -27.55% | -18.44% | 3.04% | -9.29% | -0.32% | -0.32% |
| Gross Margin | 24.33% | 12.84% | 26.16% | 27.36% | 22.98% | 27.07% | 26.36% |
| Net Margin | 0.44% | -16.13% | -18.31% | 2.14% | 1.69% | 1.79% | 5.16% |
| Debt / Equity | 3.94x | 5.21x | - | - | 16.90x | 3.33x | 3.33x |
| Interest Coverage | 3.41x | -46.35x | -33.68x | 19.34x | 1.56x | 1.96x | 0.56x |
| FCF Conversion | 0.45x | 0.68x | 0.56x | -4.60x | -5.49x | -8.95x | -3.25x |
| Revenue Growth | 13.84% | -14.5% | 61.89% | 28.54% | -1.81% | 21.55% | 15.99% |
MEDIROM Healthcare Technologies Inc. (MRM) stock FAQ — growth, dividends, profitability & financials explained
MEDIROM Healthcare Technologies Inc. (MRM) reported $11.91B in revenue for fiscal year 2024. This represents a 247% increase from $3.43B in 2018.
MEDIROM Healthcare Technologies Inc. (MRM) grew revenue by 21.5% over the past year. This is strong growth.
Yes, MEDIROM Healthcare Technologies Inc. (MRM) is profitable, generating $614.6M in net income for fiscal year 2024 (1.8% net margin).
MEDIROM Healthcare Technologies Inc. (MRM) has a return on equity (ROE) of 21.2%. This is excellent, indicating efficient use of shareholder capital.
MEDIROM Healthcare Technologies Inc. (MRM) had negative free cash flow of $2.00B in fiscal year 2024, likely due to heavy capital investments.
MEDIROM Healthcare Technologies Inc. (MRM) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates